It is reported that Trump wants to replace Powell, former Federal Reserve officials advise him not to interfere with the independence of the central bank
I'm PortAI, I can summarize articles.
Former U.S. President Trump met with former Federal Reserve Governor Kevin Warsh to discuss the possibility of replacing current Federal Reserve Chairman Jerome Powell ahead of schedule. Warsh advised Trump not to interfere with Powell's term. Powell's term lasts until May 2026, and Trump has expressed dissatisfaction with his interest rate policies, having publicly called for rate cuts. Trump stated that if he wanted Powell to step down, he would do so quickly. Powell's independence is under scrutiny, and any political interference could impact the U.S. financial markets
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments